ORLANDO—Tourism and construction are two mainstays of theOrlando market. Both of them took a hard hit in the recession.
“We came to a virtual standstill,” MelissaMarcolini-Quinn, who runs NorthMarq's Central Floridaoperations as SVP and senior director, tells GlobeSt.com. “From afinancing standpoint, we were almost considered the pariah of thenation. I would call up a lender, and if you said the deal wasanywhere in Florida, they didn't want to talk to you.”
Marcolini-Quinn calls it sad story because even though someOrlando submarkets—and some submarkets—were performing strongnobody wanted to hear about the rays of sunshine. The storm is overthough. The unemployment rate in Orlando is not only below theFlorida average—it's below the national average.
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